Copper 3-Month Price Lower

by on
Style:
Category:
Members Only, Metal Prices, Premium

Dropping 0.5 percent on the LME, the 3-month price of copper was the biggest mover on Feb. 13, 2013, closing at $8,215 per metric ton. The primary copper cash price saw a 0.4 percent decline on the LME to $8,184 per metric ton.

After a 0.5 percent increase, the price of US copper producer grade 122 finished the day at $4.37 per pound. The price of US copper producer grade 110 inched up 0.5 percent to $4.37 per pound. The price of US copper producer grade 102 gained 0.4 percent to finish at $4.56 per pound. The cash price of primary Japanese copper remained essentially flat at JPY 640,000 ($6,860) per metric ton.

Chinese copper prices closed flat for the day. The price of Chinese copper bar remained essentially flat at CNY 59,600 ($9,561) per metric ton. The Chinese copper cash price held steady on Wednesday, remaining around CNY 59,800 ($9,593) per metric ton. The price of Chinese copper wire continues hovering around CNY 58,950 ($9,457) per metric ton for the fifth day in a row. The price of Chinese bright copper scrap held steady at CNY 48,760 ($7,822) per metric ton.